Bitcoin Rollercoaster on Powell Speech, Sand and Rose Rally over 25 % (Market Watch)

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Von: Krypto News Österreich

Die letzten 24 Stunden waren auf dem Kryptowährungsmarkt ziemlich turbulent, als große Large Caps während der Rede des Vorsitzenden der Federal Reserve – Jerome Powell – eine Achterbahnfahrt durchliefen. In der Zwischenzeit versuchen sich einige Altcoins an neuen Mehrwochenhochs und verzeichnen an diesem Tag Gewinne von über 25 %. Tauchen wir ein. Bitcoin und Large-Caps Pump, Dump und Pump Again Gestern sprach der Vorsitzende der US-Notenbank – Jerome Powell – über Inflationsfragen, den aktuellen und zukünftigen Zustand der US-Wirtschaft. Er sagte wenig, was er nicht schon getan hatte, und wiederholte seine Bemerkungen aus der Vorwoche, dass die Disinflation (oder Inflation, …
The last 24 hours were quite turbulent on the cryptocurrency market when large large caps went through a roller coaster ride during the speech by the Federal Reserve - Jerome Powell. In the meantime, some old coins try new multi -week highs and record profits of over 25 %that day. Let's dive. Bitcoin and Large-Caps Pump, Dump and Pump Again Yesterday the chairman of the US Federal Reserve-Jerome Powell-spoke about inflation issues, the current and future state of the US economy. He said little what he hadn't already done and repeated his comments from the previous week that disinflation (or inflation, ... (Symbolbild/KNAT)

The last 24 hours were quite turbulent on the cryptocurrency market when large large caps were going through a roller coaster ride during the speech by the chairman of the Federal Reserve - Jerome Powell.

In the meantime, some old coins try new multi -week highs and record profits of over 25 %on this day. Let's dive.

Bitcoin and Large-Caps Pump, Dump and Pump Again

Yesterday the chairman of the US Federal Reserve-Jerome Powell-spoke about inflation issues, the current and future state of the US economy.

he said little what he hadn't already done, and repeated his comments from the previous week that the disinflation (or inflation, which slowed down in his words), was still at a very early stage - especially in the apartment sector.

As always, this got the market in motion. Initially, the price rose to a high from over $ 23,300, but almost immediately after the speech, all profits were rejected, which turned out to be a blow.

btc_price_chart_0802231 Tradingview

Fortunately, the bulls were able to re -group and regain control, which pressed the price again in the following hours. $

This entire rodeo ended in the last 24 hours with liquidated positions worth around $ 84 million.

sand and rose rally ahead

altcoins experienced even more volatility than BTC. Most of the market is painted green. The cryptocurrencies with larger market capitalization could not achieve any significant profits. This includes ETH, XRP, Sol, Shib, Atom, LTC and others - which represent all climbs between 0.5 % and 2 %.

img1_heatmap_0802231 Quantify crypto

At the same time, the value of some old coins exploded. The best performer of the day is sand-the native cryptocurrency of the sandbox ecosystem. The team revealed a kind of partnership with Saudi Arabia, which drove the price up. Oasis Protocol (rose) also followed this example with about 25 % growth in the last 24 hours.

In the meantime, the Fear and Greed Index of the cryptocurrency continues to improve and is currently 58 points. According to the metric, the market is in a state of greed, which represents an improvement compared to yesterday when it was neutral.

img1_fearandgreed Alternative.